Trade Financing Facility to Accelerate Seaweed Operations
Released
Released
Announcement PDF
13 August 2025
Company Announcements Pla7orm
Australian Securi;es Exchange
US$375,000 (A$560,000) Trade Financing Facility to Accelerate Indonesian
Seaweed OperaAons Secured
Highlights
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BP8 Indonesia enters binding US$375,000 trade financing loan agreement with
Singapore-based EquenEa Natural Resources Pte Ltd
Facility enhances purchasing power, enabling independent seaweed stock
procurement and expansion of exisEng Kebula commercial arrangement
Supports increased processing capacity ahead of commissioning new warehouse in
Makassar, South Sulawesi
ConEnued strong sales momentum with Indonesian and internaEonal wholesale
buyers under Kebula Sales CooperaEon Agreement
Focus on sustainable sourcing via established partnerships with local farmers in
Nunukan region
AcEve pursuit of addiEonal oSake partners to support growth strategy
The Board of BPH Global Ltd (ASX: BP8) (Company) is pleased to announce that the Company’s
Indonesian subsidiary PT BPH Global Indonesia (BP8 Indonesia) has entered into a binding
US$375,000 (A$560,000) trade financing loan agreement (Trade Financing Facility) and a lien
agreement over seaweed stock (Lien Agreement) with Singapore-based commodi;es trading
company Equen;a Natural Resources Pte Ltd (Equen@a NR).
The Trade Financing Facility significantly enhances BP8 Indonesia’s purchasing power, enabling the
Company to independently procure larger volumes of seaweed stock and expand its processing
capabili;es at the soon-to-be commissioned warehouse in Makassar, South Sulawesi, Indonesia. This
addi;onal funding also provides for further expansion of the Company’s exis;ng commercial
arrangement with PT Kebula Raya Bestari (Kebula), suppor;ng con;nued sales growth both
domes;cally and interna;onally.
Managing Director Ma^hew Leonard said: “We are excited to secure this trade financing, which
provides the financial flexibility to increase seaweed procurement independently while
strengthening our valued partnership with Kebula. This facility is a key enabler to scaling our
Indonesian opera;ons and mee;ng the growing demand from our customers. Our focus remains on
building a sustainable business that benefits local communi;es and delivers value to our
stakeholders.”
Trade Financing Agreement and Expansion of Indonesia-based Seaweed Opera@ons
The principal purpose of the Trade Financing Facility is to significantly expand BP8 Indonesia’s ability
to purchase seaweed stock. This will allow the Company to act independently from Kebula by directly
acquiring seaweed for processing at its soon-to-be commissioned warehouse in Makassar before
resale to customers. Simultaneously, the facility will provide addi;onal funding to the exis;ng
commercial arrangement with Kebula, facilita;ng further expansion of that partnership.
By balancing independent purchasing and processing with the con;nued collabora;on with Kebula,
BP8 Indonesia aims to op;mise supply chain efficiencies, increase purchasing scale, and strengthen
margins, driving growth across domes;c and interna;onal markets.
Background
BP8 Indonesia’s seaweed business development has been steady and strategic. Key milestones
include:
• Comple;on of seaweed assets acquisi;on from PT Mitra Agro Global, a subsidiary of
Equen;a, in January 2025.
• Establishment of a Product Sales Coopera;on Agreement with PT Kebula Raya Bestari in April
2025, under which Kebula manages accounts, warehousing, processing, and delivery to BP8
Indonesia’s customers.
• Successful trading in the first two months ending 14 June and 14 July 2025, with all sales
conducted under the Kebula agreement to Indonesian and interna;onal (primarily Asian)
wholesale clients.
Sales during these periods have demonstrated strong trac;on domes;cally, with interna;onal sales
commencing as an;cipated. Notably, interna;onal sales exceeded domes;c sales in the first month
and are expected to be fully reflected in the July repor;ng period.
Seaweed is sourced through trusted partnerships with local farming communi;es in the Nunukan
region, suppor;ng traceability, responsible harves;ng prac;ces, and environmental sustainability.
BP8 Indonesia con;nues to ac;vely engage poten;al ohake partners to underpin its growth
ambi;ons and scale opera;ons.
Key terms of the Loan Agreement and the Lien Agreement
1. Trade Financing Facility Key Terms:
• Lender: Equen;a Natural Resources Pte Ltd based in Singapore.
• Borrower: PT BPH Global Indonesia.
• Loan Amount: Revolving trade finance facility up to US$375,000 (A$560,000).
• Purpose: Financing the purchase and resale of dried seaweed (Co^onii)
• Drawdowns: Minimum US$75,000 per tranche; flexible par;al draws and repayments with
no;ce requirements
• Term: 12 months from first drawdown, renewable or terminable earlier by agreement.
• Interest: 15% per annum, calculated monthly, compounded monthly
• Security: Floa;ng lien over seaweed stock held in warehouse in Makassar; corporate
guarantee from BPH Global Ltd; insurance coverage naming Lender as loss payee.
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Events of Default: Include payment defaults, insolvency, or breach of material terms, with
remedies including suspension of draws and accelera;on of repayment.
Governing Law: Singapore.
2. Lien Agreement Key Terms
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BP8 Indonesia grants Equen;a NR a floa;ng lien over all dried seaweed stock owned or
controlled by BP8 Indonesia in its warehouse or possession.
Lien crystallizes automa;cally on default, restric;ng BP8 Indonesia’s ability to dispose of
stock without Equen;a NR’s consent.
Corporate guarantee provided by BPH Global Ltd to cover any shor7all in lien value.
BP8 Indonesia is permi^ed to move or release seaweed stock from the warehouse in the
normal course of business without prior approval from Equen;a NR, provided that the value
of the remaining stock is not less than the outstanding financed amount plus accrued
interest. Should a shor7all occur, BPH Global Holdings will cover the difference under its
corporate guarantee.
BP8 Indonesia must maintain comprehensive insurance over stock naming Lender as first
loss payee.
Agreement governed by Indonesian law.
About Equen@a Natural Resources Pte Ltd
Equen;a Natural Resources Pte Ltd is a Singapore-based commodi;es trading company with a
primary focus on minerals and natural resources. Established in 2010, Equen;a NR has developed a
strong regional footprint across Southeast Asia and the Middle East, leveraging its extensive network
to facilitate the trade of bulk commodi;es including coal, iron ore, and other industrial minerals. The
company’s exper;se lies in naviga;ng complex supply chains and providing tailored financing
solu;ons to support commodity producers and buyers alike.
In addi;on to its core minerals business, Equen;a has expanded into agricultural commodi;es
through its wholly owned Indonesian subsidiary, PT Mitra Agro Global. This subsidiary operates
within Indonesia’s agricultural sector, specializing in the sourcing, processing, and distribu;on of
agricultural products. PT Mitra Agro Global has played a pivotal role in the recent transfer of
seaweed assets to BP8 Indonesia, laying the founda;on for BP8’s expanded opera;ons.
The partnership with BP8 reflects a strategic alignment aimed at leveraging Equen;a’s trade
financing capabili;es and supply chain exper;se to support the scaling of sustainable agricultural
ventures, par;cularly within the fast-growing seaweed industry.
Ongoing updates
The Company will provide further updates in due course on its progress with these ma^ers.
- END -
Authorised for lodgement by the Board of the Company
For further informa;on, please visit our website at www.bp8global.com or contact:
Mr Paul Stephenson
Chairman of BPH Global Limited
E: pauls@bp8global.com
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